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RISK Alert: Beware of Inflated Credit Scores

Thu, Jan 9, 2014

Columbia, Maryland

A criminal group appears to be recruiting individuals to use credit repair services to dispute items contained in their credit reports and assists them in joining credit unions to obtain loans. Disputed credit report items are not factored into a consumer’s FICO score during the credit reporting agency’s or credit furnisher’s investigation, resulting in a temporarily inflated score.

Read the entire alert.